NEWS & INSIGHTS
Drive My Car? Beatles, Insurance And A Government Auto Motion
The first step towards resolving a problem, it is said, is actually knowing that a problem exists. In the run-up to July's General Election, politicians of all persuasions had their antennae switched on to identify issues which might affect their performance at the polls. One item of common concern which they would have found hard to avoid was the clamour about the affordability of motor insurance. It was considered so serious by Labour, in fact, that it featured in the party's manifesto. Given the desire to honour as many of those pledges as possible, we should not therefore be surprised
Wheels, Reels And Risk: The Continuing Hazard Of Mobile ‘Phones
The speedy march of technology in recent decades has granted us an incredible number of conveniences previously thought the preserve of science fiction. One of the most transformative has been the development of the mobile phone. In the 1980s, people were amazed at the ability to make calls while on the go, albeit from a device which was as heavy and portable as a large house brick. Over the intervening years, the capabilities of such devices have grown as they have shrunk in size to something which fits neatly into the palms of our hands. No longer simply able to
Broadway Eyes Expansion After Securing Further Ranking Success
Broadway Insurance Partners has revealed that it is focused on growth after once again being named among the UK insurance industry's leading risk management practitioners. It is one of a dozen to feature on the latest annual list of Five-Star Brokers published by Insurance Business magazine. Broadway's founder and Chief Executive, Daniel Lloyd-John, is also the only broker of a firm based outside London to be included in the latest ranking of advisors to high net worth clients compiled by Spear's magazine. The twin recognition is a repeat of its success in 2023 and underlines the rapid progress made since
Broadway Founder Elected Chair Of Regional Insurance Broker Body
The founder of one of the country's newest and most dynamic names in insurance broking has been elected to represent industry peers across Greater Manchester. Daniel Lloyd-John, the Chief Executive of Broadway Insurance Brokers, will serve as chairman of the area's regional committee of the British Insurance Brokers Association (BIBA) for 12 months. The Manchester committee is one of the largest and longest-standing of the 11 such BIBA groups across the UK. Mr Lloyd-John said that his election was an "honour" and came at a pivotal moment for the insurance industry. "Manchester is the second largest financial services market in
Risk and Reward
Pick up any national newspaper on any given day and you'll be confronted with a veritable blizzard of figures relating to various aspects of personal and professional life in the UK. Few, if any, resonate in households or businesses more than those on crime. Details of the frequency and type of offences committed can shape how comfortable or not we feel at work or at home. Politicians too realise that public attitudes to crime can shape what happens at the polls during elections. January's publication of the latest survey on the incidence of crime by the Office for National Statistics
Broadway Strengthens Private Client Team With Key Appointment
One of the country's newest and most dynamic names in insurance broking has bolstered its operations with another key appointment. Lauren Winstanley has become the latest addition to the Private Client team at Broadway Insurance Brokers. The arrival is her latest position in a 20-year career which has already seen her work with some of the North West's other leading independent brokers. It also comes just weeks after Broadway revealed that the value of assets for which it has arranged cover across its corporate and private client divisions has doubled in the last six months to nearly £1 billion. Broadway's
Broadway Founder’s Role In Covid Rebound Rewarded With Award Win
The founder of one of the country's newest and most dynamic names in insurance broking has been rewarded for his role in helping the North West bounce back from the Covid-19 pandemic with a prestigious industry prize. Daniel Lloyd-John, Chief Executive of Broadway Insurance Brokers has been singled out in the Outstanding Achievement category of the annual awards organised by the UK's largest grouping of independent brokers, Bravo Networks. He was recognised both for Broadway's rapid progress and excellence in supporting some of the North West's richest individuals and private business community. Mr Lloyd-John described how he was "delighted" to
Change And Challenge: Planning For A Crisis
No-one wants to think about nasty things which may happen. However, making contingencies for what might occur at home, at work, on the road or overseas means that we're better prepared to deal with those eventualities which do arise. It's a lesson which has been made only too clear by the last two years. The Covid pandemic has left its mark on all of us in a variety of ways, including those who lost loved ones and others who saw companies unable to withstand the financial hardships despite the investment of considerable time and effort. That remains true despite figures
Crime, Punishment And Protection
Being the victim of any type of crime is an intensely personal and unsettling experience. It may not necessarily be of immediate comfort to learn that you're not alone and that others have suffered in a similar way. Nevertheless, being aware of broader crime patterns can help politicians, police, public and the insurance industry alike all address the risk of repeat offences and what to do about it. Even casual observers of news output in our national 'papers, radio and television will appreciate too how crime is a regular topic, eagerly debated by parliamentarians of every hue who wish to
New Year Resolution: Following Through On ‘Price-Walking’ Reforms
The start of every year always provides an opportunity for reflection as well as a chance to weigh up our priorities for the 12 months to come.During 2021, we had much tumult and change to consider. January was only a couple of weeks old when the Supreme Court issued a watershed decision on the administration of business interruption claims stemming from the first year of the pandemic. According to the Financial Conduct Authority (FCA) that single ruling has so far resulted in the insurance industry paying almost £1.25 billion to businesses affected by the Covid-enforced shutdown. Less than a fortnight
A Different Kind Of Festive Preparation
By now, many households across the UK have almost put the finishing touches to their plans for Christmas and the New Year. In addition, a sizeable proportion of businesses not involved in the retail or hospitality sectors have begun shutting down, ready to resume their commercial activities after the annual festive hibernation. However, none of us head into this holiday period without a sense of foreboding - an echo of events in December 2020. Once more, Government and NHS data illustrates another rise in incidence of Covid-19. In fact, so severe has been the impact of the Omicron strain
Home Discomfort: Burglars And High-Profile Targets
There are arguably few more unsettling crimes than burglary. Even after stolen items have been replaced, a sense of unease from knowing that criminals have been in your home can linger. In fact, those sentiments can be difficult to shake that many individuals choose to move house and change their jobs rather than live in discomfort. Of course, official figures seem to indicate that such offences, although acutely unsettling for those involved, are relatively uncommon and apparently becoming less frequent. Data published by the Office for National Statistics (ONS) in July found that there were 267,931 burglaries in the 12
Don’t Panic! Meeting The Residential Robbery Risk
Anyone considering the output of Britain's terrestrial television networks over the last few decades will have noticed several programmes appearing to prop up the schedules. The evening soap operas have, of course, been regarded as regular fixtures for many years. However, it might surprise some younger members of the household audience that from the early 1980s onwards, crime was a staple ingredient of Thursday evening's viewing. At its peak, 'Crimewatch' not only held down a prime slot but attracted an audience of up to 14 million people each week. Despite featuring many brutal offences and helping to apprehend some of
North West Top Billing For Broadway In High Net Worth Ranking
One of the country's newest and most dynamic names in insurance broking has claimed top billing among the North West's risk management advisors to high net worth clients. Broadway Insurance Brokers is one of only twenty five brokers from across the UK and one of just two from the region to be named in the latest edition of the Spear's 500 rankings In addition, the firm's founder and Chief Executive, Daniel Lloyd-John, was included among the country's 20 "top recommended" insurance industry professionals. He explained that the recognition had capped a successful first year for Broadway. Last month, the firm
20 Questions With Martin Lilley
Director of Corporate Clients at Broadway Insurance Brokers How do you like to start the day? Despite not being a morning person, I like to get up early, well, relatively...and go to the gym followed by a lovely strong Nespresso coffee. ‘Own the morning, elevate your day’ as Brian Sharma once said; the feeling of control flows through the whole day, no matter how tough it gets! Where did you grow up? I grew up in Chorley where my mum and family still live. My dad was a well-known coal man and had his own business; I didn’t follow in
Reading The Road Ahead: Matching Insurance To Changing Circumstances
Of all the statistics which we've been confronted with since the start of the coronavirus pandemic, there is one which I found quite intriguing. It came from research undertaken by a multi-national insurance company examining how the toll taken by Covid-19 might have caused people in the UK to change their approach to life cover. The study concluded that almost six million adults had subsequently either bought or at least thought of buying life policies. That might seem like a positive development, until we consider how it still leaves 63 per cent of the adult population without any life cover
No Cop-Out: Insurance, DiCaprio and a ‘Titanic’ Climate Change Challenge
As I write, we're about to start the second and final week of the 26th United Nations' conference on climate change - or COP26, for short - in Glasgow. Over the course of the opening few days, the importance of the event in devising a concerted approach to limit man's negative impact on our planet has been put in stark terms. Sir David Attenborough, for instance, said the opportunity to focus on solutions to check rising temperatures and sea levels as a chance to "turn tragedy into triumph". Whilst much of the attention devoted by news media to the event
Direction Of Travel: Broadway And A Changing Insurance Landscape
It's now just over a year since Broadway opened its doors. Even in just those 12 months, we have seen the kind of shifts which illustrate the importance of the support provided by brokers to business and private clients alike. For instance, the majority of restrictions to limit the spread of Covid-19 have been lifted but the pandemic's legacy for the insurance industry will be found in a number of tremendous changes. Great pressures on the global economy have forced companies and insurers to consider how best to prepare for future events. That work continues even as payments resulting from
A Helping Hand Through The Money Maze
Despite the urging of teachers at the time, I'm not sure how many of those individuals reading this article will look back on their schooldays with total fondness. One of the main gripes for pupils in every generation seems to have been about the relevance of items on the syllabus to life once they leave classrooms or university campuses behind. There are now, of course, many vocational education courses, providing students with a solid grounding in a range of technical and professional subjects. Whilst those studies will help them prepare for the world of work, questions have been rightly asked
Insurance And Interruption: Progress But Still Not Resolution For All
It's now almost 18 months since Britain was placed into a state of lockdown in an attempt to stem the spread of coronavirus. The measures proved severe for many businesses, especially those in the hospitality sector. Even more alarming was their inability to secure payouts on the business interruption insurance policies which they had put in place. Those disputes culminated in the Financial Conduct Authority (FCA) bringing a test case on behalf of some of the estimated 370,000 businesses thought to be affected against a number of insurers. Because of the urgency and exceptional economic circumstances, those proceedings moved through
Getting Up To Speed: Insurance And The Electric Car
The pace of impact which technology has had on our lives has quickened considerably in recent decades. It should, therefore, perhaps come as no surprise that the same sense of acceleration increasingly applies to how we get about. Although the first production electric car rolled out of a London factory in 1884, it hasn't been until his century that battery-powered vehicles have firmly left the realm of science fiction behind and merged with modern day traffic flows. The degree to which electric and hybrid cars have gone mainstream can be easily seen by a quick glance at the monthly sales
Custody And Jeopardy: The Importance Of Reading Policy Small Print
Small print. The very mention of it is enough to elicit a yawn among some people. There are many others who, I bet, never bother to read in detail the clauses and criteria which we find appended to many contracts. Yet small print is there for a reason, setting out important elements - or endorsements, as they're known - which underpin whatever agreement that we have signed up to. In the case of insurance, adhering to the small print can be the difference between seeing a claim paid out or not. I was speaking recently to the Daily Telegraph about
Interruption And Disruption: The Supreme Court And Our Approach To Risk
It still takes my breath away. In the space of just 15 months, many accepted wisdoms about our lives both in and out of the workplace have changed markedly. That pace of change shows no sign of abating either. Yet it could be said that some of the radical shifts which we have seen in how individuals and corporations behave are perhaps for the better. For example, take just one topic: risk - a subject integral to why Broadway was established and what we do on a daily basis. Back in mid-January, the Supreme Court handed down its judgement regarding
Outward Looking, Inward Investment: How The North West Has Weathered The Pandemic
Almost two months after the UK took its first steps out of lockdown, there are still few doubts as to the impact which the Covid pandemic has had on the country's economy. We only need glance around our high streets and city centres to see that many businesses sadly did not survive the enforced loss of custom. Only a couple of weeks ago, the Office for National Statistics (ONS) reported that overall economic performance in March remained considerably behind where it had been before coronavirus first put the world's markets on hold. As is often the case, however, the mood
How To Insure Your Dreamcar To Avoid A Nightmare
Now that summer looks as if it's finally arrived, it's hard to avoid the temptation to spend time outside, enjoying the sunshine. After a year of lockdown, most of us will doubtless welcome the sights and sounds of a return to relative normality. Depending on where you live, the seasonal soundtrack is not only birdsong and the buzzing of bumble bees. Listen closely and you might also be able to pick out the throaty roar of a sportscar. Figures published recently by the Society of Motor Manufacturers and Traders revealed that Audi, BMW and Maserati have all been flying out
Sleep ‘Walking’: Insurance, The FCA And A Problem With Loyalty
The renewal of insurance policies is arguably a far more dynamic process than it was in years past. Now, insurers' desire to be competitive and the ease with which consumers can compare quotes has led to an increase in switching between providers. A relatively recent survey found that almost three-quarters of policyholders prepared to change insurer, with customers most likely to do so when considering motor, home and contents cover. There is, however, a consequence of insurers jockeying for all that potential extra business. A report published last year by the Financial Conduct Authority (FCA) found that those individuals who
Four-By-Forewarned: Policy Problems And Rising Vehicle Thefts
No matter where we're driving, we see them. To fans, they're known as SUV's or four-by-fours. To their critics, they're referred to almost dismissively as 'Chelsea Tractors'. Yet no matter whether we love or loathe them, large vehicles are arguably a more regular feature on our roads than ever before. Some of the most recent figures available show that SUVs accounted for one-fifth of all car sales in the UK in 2018 - a rise of almost 15 per cent in less than a decade. Sadly, they're not just appealing to motorists but to criminals too. One recent study highlighted
Reality And Resilience Key In New Financial Year
As we all know, the last 12 months have severely tested our supplies of resilience and patience. Despite enforced spells of home-working meaning that many people have spent more time with their families than normal, simply keeping households and businesses going has been a challenge. Yet, as some of the restrictions are lifted and the UK's economy prepares to gradually open up once again, I believe that it's essential to dampen down any expectations that life either in or out of the office is going to instantly return to what we used to regard as normality. In the last few

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